1.7 Evening Bitcoin and Ethereum Trading Suggestions and Direction Sharing

From the current market situation, Bitcoin is experiencing a second correction with increased momentum, breaking below the support level of 92,000. Currently, in the afternoon, the market has unfortunately closed with a small decline. On the 4-hour chart, this support has been broken, indicating that the main trend is dominated by a bearish outlook. On the 1-hour chart, Bitcoin is expected to move towards the lower band. If it breaks below the lower band, the downward space will open up, further testing the 90,000 level. If it does not break below the lower band, then the subsequent trend is likely to be a rebound and extension. In the evening, the ADP employment data will also have some influence on Bitcoin's development. Before the release and the US stock market opening, the market is likely to develop in a volatile and slightly downward trend. Therefore, we should follow the trend and short-term trade accordingly.
Currently, both Bitcoin and Ethereum are in a short position. Focus on the 91,000/3,200 level, with a stop loss at 92,000/3,230.